The Canadian oil company drills for hydrocarbons primarily in Texas and Alberta shale formations. In Colorado, it produces a daily haul of 14,800 barrels of oil and 52 million cubic feet of natural gas on the 51,000 net acres it plans to sell.
Exxon Mobil Corp. on Monday cast aside speculation it would retreat from oil sands and deep-water reservoirs, saying it believes that none of its fossil fuel reserves will be stranded because of potentially stringent carbon regulations in the years to come.
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